Elissa Engages Primoris Group Inc., Toronto, for Media Relations Services
19 April 2011 - 10:32PM
Marketwired
Elissa Resources ("Elissa" or the "Company") (TSX VENTURE: ELI) is
pleased to announce that it has engaged Primoris Group Inc. to
provide media relations services to the Company. Primoris Group is
a Toronto-based investor and media relations firm.
Under the leadership of principals Joseph Carusone and Nick
Boutsalis, Primoris Group will provide the Company with a full
range of media relations services, coordinating editorial coverage
through print, radio and TV, and online media outlets.
Under the terms of the Company's agreement with Primoris Group,
which commences April 19, 2011 for a one-year period, Primoris
Group will execute a comprehensive communications program to
support the Company's growth strategy, for which it will be paid a
fee of $6,000 per month. Primoris Group has also been granted
options to purchase 150,000 common shares (being set as of today's
date) of the Company exercisable for a period of five years from
the date of issuance (the "Options"). The Options will vest over an
18-month period and are subject to regulatory approval.
The Agreement between the Company and Primoris Group is
renewable and can be terminated by either party on 30 days written
notice. The agreement between the Company and Primoris Group and
the grant of the Options are subject to regulatory approval.
Primoris Group does not currently have any interest, directly or
indirectly, in Elissa Resources or its securities, or any right or
intent to acquire such an interest.
Elissa Resources also advises that it has granted incentive
stock options to certain of its directors, officers and consultants
entitling them to purchase up to 750,000 common shares (including
the aforementioned options to Primoris Group) of the capital stock
in the Company at a price of $0.27 per share subject to regulatory
approval.
ON BEHALF OF THE BOARD OF DIRECTORS of Elissa Resources Ltd.
Paul McKenzie, President and CEO
About Elissa Resources Ltd.
Elissa Resources is advancing its 100%-owned Thor light and
heavy rare earth minerals property in Nevada, 20 miles (32km) east
of Molycorp Minerals' Mountain Pass deposit, California.
Additionally Elissa has an option to earn a 100% interest in both
the Sage Creek and St. Elmo gold projects, also in Nevada. The
Company also has 100% ownership of a prospective lithium property
in Nevada.
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans, objectives or expected results, constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to the risks and uncertainties inherent
in the Company's business, including risks inherent in mineral
exploration and development, and uncertainties in connection with
anticipated commodity prices for minerals, growth of worldwide
market demand, exploration capital requirements, length of asset
life and availability of qualified personnel, among others. As a
result, actual results may vary materially from those described in
the forward-looking statements.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Elissa Resources Ltd. Scott Parsons Director 604 669
8368 (ext 106) Elissa Resources Ltd. Paul McKenzie 604 669 8368
(ext 107) contact@elissaresources.com www.elissaresources.com
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